Best Time to Purchase Travel Insurance According to Experts

Yonder Travel Insurance Reveals When You Should Get Travel Insurance

MINNEAPOLIS, Feb. 12, 2024 /PRNewswire/ —

Are you wondering when is the best time to purchase travel insurance? According to the travel insurance experts at Yonder Travel Insurance, the answer is simple: the sooner, the better. Insuring your trip investment early will not only protect it but also bring you greater peace of mind. In the event of a weather-related issue, sickness, or a family emergency, you will be grateful that your trip costs were protected. Yonder recommends insuring your trip amounts as you make your payments to avoid overpaying for insurance on trip payments you have not yet made. The friendly humans at Yonder can help you through this process.

Terry Boynton, the co-founder, and president of Yonder Travel Insurance suggests, “Start by insuring your initial deposit and increase the trip cost insured under your policy each time you make an additional payment toward your trip.”

One of the questions people often ask is whether they should buy travel insurance before or after booking. According to Boynton, it’s best to purchase travel insurance after you’ve made your first or larger booking. This allows you to know the costs you need to insure. Furthermore, it allows you to determine what benefits will be important to have included in your travel insurance plan.

By purchasing travel insurance early, you can also consider optional add-on benefits such as Cancel for Any Reason or Pre-Existing Condition Waivers, which must be bought within a specific time frame after the initial deposit. Approximately 27% of Yonder customers this year have opted for travel insurance with these benefits, adding flexibility to their policies.

Another common question is: What’s the latest date I can get travel insurance? Generally, if you aren’t considering a policy with any time-sensitive benefits, you can purchase travel insurance up until the day before your departure. However, if something causes you to cancel your trip and you don’t already have travel insurance, coverage may not apply if you were to purchase it at that point.

Sites like Yonder Travel Insurance can save you time by comparing policies from the top providers in one place, allowing you to get the exact coverage you need at a price that works for your travel budget.

The experts at Yonder Travel Insurance have gone through the process of reviewing hundreds of policies from the best travel insurance providers in the US to provide the best travel insurance recommendation for your specific travel needs.

Source: Yonder Travel Insurance

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